Meiwu Technology Company Ltd - WNW STOCK NEWS

Meiwu Technology Company (NASDAQ: WNW) has announced a 1-for-20 reverse share split of its ordinary shares, approved by the Board of Directors on March 5, 2025. The split will take effect on April 1, 2025, reducing the outstanding shares from approximately 63.3 million to 3.2 million.

Under this arrangement, shareholders will receive one new ordinary share for every twenty shares held. While the split is expected to increase the trading price to approximately twenty times the pre-split price, the company cannot guarantee maintaining this price ratio or exceeding pre-split trading levels.

The reverse split will proportionally adjust the company's outstanding stock options and restricted shares, with fractional shares being rounded up to the nearest whole share. Shareholders holding shares electronically in book-entry form need not take action, while those holding physical certificates will receive new ones through TranShare

Meiwu Technology Company (NASDAQ: WNW) has received a notification from Nasdaq on February 27, 2025, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

The notification does not immediately affect WNW's Nasdaq listing. The company has until August 26, 2025 to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, WNW may be eligible for an additional 180-day compliance period, provided it meets other listing requirements and indicates intention to cure the deficiency, potentially through a reverse stock split.

Meiwu Technology Company (NASDAQ: WNW) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq confirming compliance with Listing Rule 5550(a)(2), which requires maintaining a minimum bid price of $1.00 per share. This achievement was reached after WNW's ordinary shares maintained a closing bid price of $1.00 or higher for ten consecutive business days from December 6, 2024, to December 20, 2024. With this development, the bid price deficiency matter has been resolved and closed.

Meiwu Technology Company (NASDAQ: WNW) has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement. The company's ordinary shares have been trading below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). WNW has until March 10, 2025, to regain compliance by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period, provided it meets other listing requirements and expresses intent to cure the deficiency, possibly through a reverse stock split.

Meiwu Technology Co., (NASDAQ: WNW), an online and mobile commerce company in China, announced it received a notification from Nasdaq regarding its late filing of the annual report for December 31, 2023. The letter, dated May 31, 2024, states that Meiwu is not in compliance with Nasdaq Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan or file the annual report. If accepted, Nasdaq may extend the deadline to September 10, 2024. Despite this, the company's shares will continue to be listed on the Nasdaq Capital Market. This notification was disclosed in line with Nasdaq Listing Rule 5810(b).

Meiwu Technology Co., Limited (NASDAQ: WNW) has announced that it has regained compliance with NASDAQ Marketplace Rule 5550(a)(2) after receiving notice from the NASDAQ Office of General Counsel. This means that the previously scheduled hearing with the NASDAQ Hearing Panel will not be held, and Meiwu's ordinary shares will continue to be listed and traded on The Nasdaq Stock Market.

Meiwu Technology Co., Limited (NASDAQ: WNW) announced its unaudited financial results for the six months ended June 30, 2023, revealing a significant increase in total revenues and a decrease in net loss. However, the company also experienced a decline in average daily active users and a decrease in the number of merchants and types of goods carried on its online platform.

Meiwu Technology Company Limited (NASDAQ: WNW) has approved a 1 for 35 reverse split of its ordinary shares, effective from December 20, 2023. As of December 15, 2023, there were approximately 100,670,199 outstanding ordinary shares, which will be reduced to approximately 2,876,292 after the reverse split. The reverse split will not change the number of the Company’s authorized shares. Stock options and restricted shares will be proportionally adjusted, and fractional shares will be rounded up to the nearest whole share. New ordinary share certificates will be issued as old share certificates are tendered for exchange or transfer to the Company’s transfer agent, TranShare.

Meiwu Technology Company Limited (WNW) received a staff determination letter from Nasdaq, notifying the Company of the determination to delist its securities due to a closing bid price of $0.10 or less for ten consecutive trading days. The Company is subject to delisting unless it requests an appeal and presents a plan to regain compliance with the Listing Rules.